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Stock impact report

Drinks industry battles Europe plastics-recycling “crisis” [Yahoo! Finance]

SUNTORY BEV&FOOD UNSP/ADR (STBFY) 
NASDAQ:AMEX Investor Relations: suntory.com/softdrink
Company Research Source: Yahoo! Finance
According to trade association Unesda, its members, achieved an average of 51.7% recycled polyethylene terephthalate (rPET) last year, for example, way ahead of EU regulatory targets for member states and the FMCG market as whole. “Reducing plastic is a key part of our global ambition to have 100% sustainable plastic packaging by 2030,” explains Fraser McIntosh, head of external affairs and sustainability at Suntory Beverage & Food's business in Great Britain and Ireland. “This means using recycled plastic [...] or plastic that is not made using fossil fuels, all of which have a lower carbon footprint than virgin plastic.” For drinks companies, single-use packaging accounts for a decent chunk of overall carbon emissions – often upwards of 40%. They rely heavily on plastic, not least because it is lightweight. But there is a problem with the recycling of plastics that is threatening to derail corporate commitments to use less virgin and more recycled material for their bottles. “Th Show less Read more
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